Brazil's next hotspot
Rio de Janeiro, Brasilia and Sao Paulo are probably the better known areas of Brazil where investors see opportunities and where tourists flock.
But there are regions in Brazil that boast the potential to flourish into key attractions for tourists as Financial Times journalists Iona Teixeira Stevens and Joe Leahy explored.
Belém, the state’s capital boasts an array of riverside restaurants along the historic “Ver-O-Peso” market. Tourists and visitors can sample the local spicy cuisine and even dine with locals for dinner by the banks of the Xingu River.
With so much on offer, one wonders why this gem isn’t bustling with visitors both domestic and foreign. The rise of the Real means that now more Brazilians are jetting off to destinations like Miami where their money can go further.
Despite having a large land mass, the region only accounts for 5.5% of the country’s hotel beds according to the Financial Times blog. The lack of tourism is affecting commerce and the lack of infrastructure is also contributing to this cause and proving to be an impediment for visitors.
There are concerns though that the government is solely focused on infrastructure projects and ranching which will be detrimental to the region’s natural beauty. According to Rodolfo Salm, professor at the Federal University of Para and an environmental scientist, the tourism potential hasn’t even fully been explored yet.
Roads still need to be made safer and tackling highway robberies which are the norm will need to be made a priority if Para is to compete as another destination in Brazil to lure tourists – both domestic and foreign.
Our approach is a sensible one, appreciating the high demand for timber and the fact that the timber trade will continue. Therefore we have an opportunity to participate and make sure that any negative impact to the surrounding environment and community is minimised and that good management secures the future of the forests.
GFI believe that investments in overseas forestry will bring diversity, growth and stability to any investment portfolio – especially in the currently unstable economic climate, whilst creating the added tax and green benefits associated with most ethical investments.
Global Forestry Investments
UK - Brazil - Dubai
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Safeera Sarjoo, Editorial Coordinator
Tel: 0207 754 0493
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